Daily K-line trend analysis: Bitcoin surged over the weekend to reach the 0.886 resistance level before retreating, currently maintaining a strong upward trend, with a clear bullish arrangement in the moving average system. Technically, the price is in the adjustment phase within an upward channel, with the amplitude and depth of the adjustment consistent with the characteristics of a healthy upward trend. Overall, the market maintains a bullish outlook, but attention must also be paid to the risk of profit taking at high levels. ETH may currently be starting the C phase adjustment of the Wyckoff accumulation; it is recommended to wait for the adjustment to the 1900 area before considering buying, rather than chasing the price at the current high level. Review: The previous video focused on the strategy of using EMA moving averages, and the 105900 resistance level was mentioned in the Iron Powder channel. This price area corresponds to the 0.886 Fibonacci retracement level, and the price indeed experienced a retreat of about 2000 points after touching it, confirming the validity of this resistance level.
Resistance Level 1: 114650 (Daily level 1.13 false breakout position + bearish crab 1.618 target + pattern overlap point)
Resistance Level 2: 110000 (Integer psychological pressure level)
Support Level 1: 103650 (Hourly EMA60 + consolidation area 0.618 reversal point)
Support Level 2: 102200 (4-hour EMA30 + daily EMA7)
Support Level 3: 99800 (4-hour EMA60)$BTC $ETH
For more detailed point analysis, please watch today's market analysis video, which contains detailed explanations! Follow A Leng to study candlesticks, and we will meet at the peak together! A little attention will not lead you astray, get the latest daily point interpretations!